SIE Exam Question 928: Answer and Explanation

Question: 928

____ The process by which the tax basis of intangible assets is recovered.

  • A. Amortization
  • B. Depreciation
  • C. Depletion
  • D.

Correct Answer: A

Explanation:

Amortization is the process by which the tax basis of intangible assets is recovered.

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